Art_of_Trading

RIPPLE (XRP) Breakout Strategy

BITFINEX:XRPUSD   Ripple
There is a breakout opportunity on H1 Ripple chart. The price moves sideways last few hours. There is a structure high at 7227, which acts as resistance level. The selling orders are expected that area. The price already bounced back few times. Moreover, the price formed a trendline that acts as a dynamic support. The best approach here is to wait a valid breakout. This means the strong bearish or bullish bar must be formed with the momentum behind to know that there is enough power to move the price.
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